Oxford Square Capital Corp. (NASDAQ:OXSQ) Plans Monthly Dividend of $0.04

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Monday, April 27th. Investors of record on Wednesday, September 16th will be given a dividend of 0.035 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 31.3%. The ex-dividend date of this dividend is Wednesday, September 16th.

Oxford Square Capital has decreased its dividend payment by an average of 0.1%annually over the last three years. Oxford Square Capital has a dividend payout ratio of 175.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Square Capital Price Performance

Shares of Oxford Square Capital stock opened at $1.34 on Monday. Oxford Square Capital has a 1 year low of $1.05 and a 1 year high of $2.20. The firm’s 50-day moving average is $1.43 and its two-hundred day moving average is $1.56. The stock has a market cap of $144.33 million, a price-to-earnings ratio of -2.98 and a beta of 0.36.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 93.65% and a positive return on equity of 14.41%. The business had revenue of $9.40 million during the quarter, compared to analyst estimates of $8.32 million.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen upgraded Oxford Square Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About Oxford Square Capital

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.